Albany International (NYSE:AIN) Shares Surge 11.5% After Q1 Earnings Beat

Albany International (NYSE:AIN) reported first-quarter revenue of $311.3 million, a 7.8% year-over-year increase that exceeded analyst forecasts by 10.8%. The textile and engineered composites manufacturer also posted a significant beat on EBITDA, propelling its stock to $64.70, an 11.5% gain since the results. CEO Gunnar Kleveland said the company has “de-risk[ed] the business” and sharpened its focus on profitable growth. The 13 general industrial machinery stocks tracked by StockStory delivered a strong quarter overall, with collective revenue beats of 3.1% and second-quarter guidance topping estimates by 0.6%. L.B. Foster (FSTR) surged 34% after posting the largest analyst beat and highest full-year guidance raise among peers. In contrast, Icahn Enterprises (IEP) slid 10.8% to $7.43 after missing revenue and adjusted operating income estimates.